Max Pain — HBM
Data as of market close Apr 2, 2026
HBM Max Pain Data
- Max Pain Strike
- $12.50
- Expected Move
- ±$2.25 (±10.4%)
- Days to Expiry
- 15
- Total Call OI
- 20,616
- Total Put OI
- 2,221
- Put/Call OI Ratio
- 0.11
- Spot Price
- $21.64
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $12.50 | 4/3/2026, 12:42:16 AM |
| 2026-05-15 | $20.00 | 4/3/2026, 12:42:16 AM |
| 2026-07-17 | $17.50 | 4/3/2026, 12:42:16 AM |
| 2026-10-16 | $22.50 | 4/3/2026, 12:42:16 AM |
| 2026-11-20 | $25.00 | 4/3/2026, 12:42:16 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 2.5 | 0 | 3783000 | 3783000 |
| 5 | 0 | 3227750 | 3227750 |
| 7.5 | 17250 | 2674000 | 2691250 |
| 10 | 37750 | 2120250 | 2158000 |
| 12.5 | 514250 | 1576250 | 2090500 |
| 15 | 1052250 | 1061250 | 2113500 |
| 17.5 | 2071500 | 614750 | 2686250 |
| 20 | 3967250 | 289750 | 4257000 |
| 22.5 | 6212000 | 77500 | 6289500 |
| 25 | 9731000 | 4500 | 9735500 |
| 30 | 17757500 | 0 | 17757500 |
| 35 | 27347500 | 0 | 27347500 |
| 40 | 37504500 | 0 | 37504500 |
View max pain levels for HBM options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.